Alberta Stock Exchange Issues take a beating
In a week when investors around the world took an unprecedented beating, it’s hardly surprising that the Alberta Stock Exchange reported an almost endless string of casualties. For most Alberta issues…
News
News in Brief (October 26, 1987)
Skelly Resources has changed its name to Bel Pac Industries (bpa:vse) on a share-for-share basis.
Placer and MSV completing underground work at Eastmain
Results from an underground exploration program on the Eastmain gold deposit are confirming “the excellent values previously obtained by surface drilling,” MSV Resources says. Located east of James Ba…
Metal Prices FREE MARKET London Metal Exchange (October 26, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1112-1115 1210-1211 N/A 1216-1217 1211-1213 Lead 370-372 364-365 N/A 365….
Ateba gets gold flowing again in Beardmore, Ont
The yellow metal will start to flow again here in December, The Northern Miner can report after a visit to the only active mill in the area — the Pan-Empire mill being operated by Ateba Mines Inc. of…
Barrick’s Carlin finds signal latest gold rush
North America doesn’t realize that the latest gold rush on this continent is only just beginning, remarked one of Canada’s most experienced mining financiers before a recent tour of Nevada’s Carlin go…
Queries How to evaluate mining companies
Could you provide me with some possible sources of information on the relationship between a mining company’s mineral deposit and the company stock price. I would also like some information on how to …
Australian firm plans share stake in Canadian United
An Australian company, Balmoral Resources, will be taking a share position in Vancouver-based Canadian United Minerals, which ultimately could lead to full control. The agreement, which calls for Balm…
Toronto Stock Exchange Valient recovery staged by battered markets
Fear and hysteria gripped the financial markets of the world this week, forcing an unprecedented collapse which exceeded even the infamous crash of 1929 (see front page story). On Oct. 19, the New Yor…
Letters to the Editor Queries misunderstanding on CANMET
Your recent editorial “Fun and games at the TIP TOP”, makes several references to the Canada Centre for Mineral and Energy Technology, (canmet), part of the federal department of energy, mines and re…
Changes announced in senior raks by Placer Dome
Senior appointments by Placer Dome Inc. include some changes over those announced at the time of the formation of the big new gold company. A joint statement from Chairman Fraser Fell and President an…
Depression of ’29 unlikely today, experts conclude
Most financial experts dismiss the worst-case scenario — that the market crash of Oct 19 will propel the world into a depression, as did the market crash of 1929. Although many of the imbalances of t…